The market is holding on to its gains and is witnessing broad based interest. The Sensex is at 19,807, up 109 points from the previous close. Nifty is at 5961, up 54 points. Market breadth is extremely positive, with 1003 advances against 187 declines on the NSE.

The banking space as a whole looks promising, says Rahul Mohindar, technical analyst, on CNBC-TV18. Allahabad Bank has a short term target of Rs 135, he says. The stock is currently trading at Rs 125.15, up 5.3% on the BSE.

Vijaya Bank can go up over 25% from its current levels in the next 3-6 months, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 82.50, up 11.9% on the BSE.